Call reports 2024
FARMERS & MERCHANTS BANK — 2024
What FARMERS & MERCHANTS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 103,193,000 | 97,621,000 | 94,683,000 | 95,472,000 |
| Total loans | 4,848,000 | 5,271,000 | 5,378,000 | 5,631,000 |
| Allowance for loan losses | 170,000 | 174,000 | 181,000 | 186,000 |
| Securities available for sale | 86,687,000 | 77,603,000 | 79,416,000 | 75,341,000 |
| Securities held to maturity | 611,000 | 611,000 | 611,000 | 611,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 93,448,000 | 88,371,000 | 83,164,000 | 86,745,000 |
| Interest-bearing deposits | 74,202,000 | 71,833,000 | 67,271,000 | 66,770,000 |
| Noninterest-bearing deposits | 19,246,000 | 16,538,000 | 15,893,000 | 19,975,000 |
| Equity capital | 9,252,000 | 8,651,000 | 10,998,000 | 8,206,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 807,000 | 1,628,000 | 2,465,000 | 3,259,000 |
| Interest expense | 577,000 | 1,146,000 | 1,703,000 | 2,230,000 |
| Net interest income | 230,000 | 482,000 | 762,000 | 1,029,000 |
| Noninterest income | 51,000 | 79,000 | 103,000 | 165,000 |
| Noninterest expense | 227,000 | 448,000 | 704,000 | 1,195,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 29,000 | -2,264,000 | -2,216,000 | -2,378,000 |
| Income tax | 15,000 | 30,000 | 5,000 | 20,000 |
| Net income | 14,000 | -2,294,000 | -2,221,000 | -2,398,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,156,000 | 17,848,000 | 17,920,000 | 17,694,000 |
| Total capital | 20,326,000 | 18,022,000 | — | — |
| Risk-weighted assets | 51,536,000 | 47,383,000 | — | — |
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